MPHB (3859):
Multi-Purpose Holdings Berhad (MPHB) is engaged in the core businesses of financial services, stock broking and gaming. The principal activities consist of investment holding and trading, operation of general insurance business, provision of leasing, hire purchase, factoring and general loan financing services, operation and management of a licensed four digit numbers forecast betting game, operation of hotels and of a golf club, securities broking and dealing, designing and construction of railway and related activities, property development and investment, provision of share registration and management services, printing activities, and provision of computer software and other related services. It operates in four segments: Financial services, Securities broking and dealing, and Gaming and information technology. In June 2008, the Company acquired Caribbean Gateway Sdn Bhd.
The company dividend yield for year 2007 and 2008 are stood at 5.6% and 9.5% respectively. As at 30-Sep-09, the net asset stands at about 2.12. Today closing at 1.90 with significant increase in volume above average. MACD is rounding bottom at the juncture of crossing upward and almost at zero line. RSI at 58, STC at 87, and DMI is at a very good take off position. Concurrently, it is closing at the breakup off the triangle tip. In term of Elliot Wave, we manage to identify the EW count likely to project towards EW5 as shown in the charts attached below. Should any customers took position, we strongly recommend to preserved your capital if the price closed below 1.80. The nearest potential resistants are around 1.95/2.00/2.10/2.16/2.40....
